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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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ADVANCED MORTGAGE, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ADVANCED MORTGAGE, LLC |
| Address | 640 LAKELAND EAST DRIVE, STE E
FLOWOOD, MS 39232 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 22 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,404,000 |
| Average Mortgage Loan Amount Applied For | $112,000 |
| Highest Mortgage Loan Amount Applied For | $328,000 |
| Average Applicant Income | $55,428 |
| Highest Applicant Income | $162,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
46 | $4,832,000 |
$105,000 | $328,000 |
$44,000 | $162,000 |
| Refinancing |
4 | $274,000 |
$68,000 | $125,000 |
$32,000 | $42,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
22 | $2,080,000 |
$94,000 | $265,000 |
$42,000 | $104,000 |
| Hispanic |
1 | $76,000 |
$76,000 | $76,000 |
$40,000 | $40,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $30,000 |
$30,000 | $30,000 |
$50,000 | $50,000 |
| White |
26 | $2,920,000 |
$112,000 | $328,000 |
$44,000 | $162,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
30 | $3,245,000 |
$108,000 | $328,000 |
$42,000 | $162,000 |
| FHA-insured (Federal Housing Administration) |
20 | $1,861,000 |
$93,000 | $149,000 |
$45,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
49 | $5,019,000 |
$102,000 | $328,000 |
$44,000 | $162,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $87,000 |
$87,000 | $87,000 |
$21,000 | $21,000 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $24,000 |
$24,000 | $24,000 |
$16,000 | $16,000 |
| Credit Application Incomplete |
4 | $563,000 |
$140,000 | $225,000 |
$60,000 | $104,000 |
| Credit History |
32 | $3,016,000 |
$94,000 | $328,000 |
$42,000 | $162,000 |
| Debt-To-Income Ratio |
1 | $65,000 |
$65,000 | $65,000 |
$10,000 | $10,000 |
| Employment History |
1 | $116,000 |
$116,000 | $116,000 |
$32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $503,000 |
$167,000 | $265,000 |
$61,000 | $82,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $240,000 |
$120,000 | $160,000 |
$36,000 | $41,000 |
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Mortgage Loan App Totals for ADVANCED MORTGAGE, LLC by:
Metropolitan Area And
County
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